Archive for April, 2008
Life Settlements – Make Sure Your Buyer Is Institutional
Institutional life settlement funders are attracted by the estimated US $100 billion+ market of life insurance in effect where the market value exceeds surrender value. They are also a secure funding source, offering the highest degree of consumer protection with regard to privacy and confidentiality.
Viatical Life Settlement Helps to Lead a Relaxed Retired Lif
These days various financial plans and schemes on offer by financial companies to take care of monetary shortage of an individual. Though one is aware of insurance policies, reinsurance; mortgages and remortgages schemes, but is still not comfortable with a life settlement.
Ideal Life Settlement – Secure Your Retired Life
The world is changing and so are the ways in which we used to lead our day to day lives. Earlier if a person retired from work, taking care of his daily needs was a difficult thing to do as his regular monthly flow of income stops.
Selling Your Life Insurance (Viaticals and Life Settlements)
Selling your life insurance is an option you might consider if you’re in a difficult financial situation for which you don’t see a close end. A terminal illness or old age could cause you to think twice about paying those hefty premiums at this stage of your life.
Life Settlement – Must Have Information For the Consumer
What should consumers look for in a life settlement? 1) Make sure the buyer is an institutional funder and NOT an individual. 2) Make sure the buyer redacts your personally identifying information from the portfolio. 3) Understand the calculations that resulted in the amount you are being offered. 4) Get a disclosure of the compensation.
Life Settlements – Do investors really need a hit man?
Consumers take solace that hardly anyone who is really familiar with the workings of the life settlement industry subscribes to the notion that Guido is lurking around every corner ready to pounce on any senior who defies the life expectancy estimate used to purchase their policy.
Life Settlement Case Summary
A 65 year old male in relatively good health presented a combined $1.3M in total insurance through his Certified Financial Planner. The coverage was no longer needed since his wife had recently passed away. The insured, who was also the policy owner, wanted a way to fund his grandchildren’s college fund despite his limited liquidity.
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Life Settlement Pricing Short Course
The combination of a number of factors is ultimately used to determine the actual pricing for a life settlement. This short course helps you understand the factors so you can get more for your life settlement policy.
Life settlement pricing and competitive bidding
A life settlement is a lot like an auction. You should expect better results if 200 people show up to bid versus 2 people. The number of potential bidders for your policy depends heavily on your life expectancy. In the traditional life settlement market, most buyers are looking for insured’s with a life expectancy of 12 years or less.